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Chris M.
Chris M., M.S.W. Social Work
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The following data pertains to the household of Mary and John

Resolved Question:

The following data pertains to the household of Mary and John at the end of the year:
Assets

Liabilities
House

$250,000

Mortgage loan

$200,000
Stocks and bonds

40,000

Credit card debt

10,000
Money

2,000

Car loan

5,000
Furniture

5,000


Car

13,000


Savings account

5,000



Calculate the sum of real assets and financial assets and total assets of the household.

Calculate the total liabilities and the net worth of the household.
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.
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